VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 16, 2007) - Buffalo Gold Ltd. (TSX VENTURE:BUF)(OTCBB:BYBUF)(FRANKFURT:B4K) ("Buffalo", or "the Company") is pleased to announce that Kinbauri Gold Corp. (TSX VENTURE:KNB) ("Kinbauri") has reported new drill results from the on-going 7000 metre drill program at the El Valle gold-copper project in Spain. Buffalo holds a 25.4% strategic interest in Kinbauri as part of the Company's on-going strategy of aggressively adding value through investing in or acquiring projects and companies that offer considerable growth potential (See Buffalo news release July 4th, 2007). In a news release issued earlier today, Kinbauri reported:

"...The latest set of drill results have exceeded expectations with numerous high grade intersections, including:

- 39.1 g Au/t and 1.6% Cu over 4.45 metres

- 85 g Au/t and 8.2% Cu over 2.35 metres

The objective of this exploratory drilling program was to delineate enough resource within Area 107 and the Black Skarn zones at El Valle to support a minimal six-year mine life. Kinbauri's management is encouraged by results from the completed drill program and has commissioned an up-date of the NI 43-101 resource estimates for these two zones to determine whether the mine life threshold has indeed been exceeded.

A total of 6,273 metres were drilled during this resource expansion program. Results from the final five holes are summarized below:

For a complete discussion of these results and the accompanying Schedule B, please see the original Kinbauri news release dated today, October 16th, 2007.

About Kinbauri Gold Corp.

Kinbauri is a TSXV - Tier 1 mineral exploration company focused on the development of precious metal prospects in northwestern Spain, Nevada and Canada. Its immediate focus is to expand and upgrade resources to reserves at the El Valle property in Asturias, Spain with a view to recommencement of operations at the mine and mill complex there. It currently has 43,372,320 common shares issued and outstanding; 67,056,236, fully diluted. For additional details on the company, please see the website www.kinbauri-gold.com.

About Buffalo Gold Corp.

Buffalo's management is dedicated to maximizing shareholder value through growth strategies that emphasize careful opportunity assessment and vigilant project management. The Company is actively acquiring and advancing gold resources to create producing assets. To find out more about Buffalo Gold Ltd. (TSX VENTURE:BUF), please visit the company website www.buffalogold.ca.

On behalf of the Board of Directors of BUFFALO GOLD LTD.

Brian R. McEwen, President and CEO

FORWARD-LOOKING STATEMENTS

Statements included here, which are not historical in nature, are Forward-Looking Statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, including without limitation, statements as to Management's beliefs, strategies, plans, expectations or opinions in connection with the Company's performance, which are based on a number of assumptions concerning future conditions that may ultimately prove to be inaccurate and may differ materially from actual future events or results. Readers are referred to the documents filed by the Company with the pertinent Security Exchange Commissions, specifically the most recent quarterly reports, annual report and material change reports, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the Forward-Looking Statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.